Accra, Ghana – The Government of Ghana plans to raise GHS 15.23 billion from the domestic market between March and June 2026, as part of efforts to finance the 2026 budget and manage maturing debt obligations.
According to a Bank of Ghana notice on the government’s issuance calendar, the planned gross issuance will include a mix of short-term treasury bills and medium- to long-term bonds. The funds will be used to refinance existing debt and support budget execution in line with the Net Domestic Financing targets outlined in the 2026 Budget Statement and Economic Policy.
The government will continue the weekly issuance of 91-day, 182-day, and 364-day treasury bills through the primary auction market. However, authorities are seeking to reduce reliance on short-term instruments by increasing the issuance of medium- to long-term bonds.
Bond issuances will commence after the expiration of restrictions associated with the Domestic Debt Exchange Programme (DDEP), with settlement expected within two working days. The government also plans to reopen existing instruments to enhance liquidity in the secondary market and support the development of benchmark yield curves.
The structured issuance calendar is part of broader efforts to deepen the domestic capital market, improve transparency, and provide investors with clearer forward guidance.
